Ipava, IL is a small town located in Fulton County. It is a rural community with a population of roughly 500 citizens. Despite its small size, Ipava has plenty to offer in terms of employment opportunities. Popular companies in the area include Hanson Farms Grain Elevator, Markert Logging & Excavation, and Ipava State Bank. The cost of living in Ipava is also relatively low compared to other parts of the country. For example, the average two-bedroom rent is over $600 less than the national average ($760 versus $1,430). Furthermore, grocery costs are 8% lower than average (92 versus 100), helping residents stretch their dollar even further. All these factors contribute to making Ipava an attractive option for budget-conscious individuals looking for a peaceful town to live or work in.
Ipava has an unemployment rate of 6.6%. The US average is 6.0%.
Ipava has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Ipava
- The Sales Tax Rate for Ipava is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Ipava is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ipava
- The average income of a Ipava resident is $29,088 a year. The US average is $28,555 a year.
- The Median household income of a Ipava resident is $45,000 a year. The US average is $69,021 a year.